Stanley Mbugua - 27 Sep 2022 Form 4 Insider Report for Skillz Inc. (SKLZ)

Signature
/s/ Charlotte Edelman, Attorney-in-Fact
Issuer symbol
SKLZ
Transactions as of
27 Sep 2022
Net transactions value
-$11,310
Form type
4
Filing time
29 Sep 2022, 18:09:16 UTC
Previous filing
08 Oct 2021
Next filing
29 Dec 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKLZ Class A common stock Options Exercise $0 +34,060 +582% $0.000000 39,910 27 Sep 2022 Direct F1
transaction SKLZ Class A common stock Sale $11,310 -10,620 -27% $1.06* 29,290 28 Sep 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKLZ Restricted Stock Units Options Exercise $0 -34,060 -25% $0.000000 102,179 27 Sep 2022 Class A common stock 34,060 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F2 Securities sold to cover costs associated with the vesting of restricted stock units.
F3 Twenty-five percent of the restricted stock unit grant vested on September 27, 2022 and the remainder will vest in substantially equal quarterly installments thereafter over the next three years.